Vardhman Special Steels Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales of INR 1,752.8 million against INR 440 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 14.3 million against INR 9.4 million a year ago. Loss from ordinary activities before tax was INR 39.5 million against INR 17.7 million a year ago. Net loss was INR 39.5 million against INR 16.0 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 2.13 against INR 0.86 a year ago.

For the nine months, the company reported net sales of INR 4,871.6 million against INR 2,366.2 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 24.4 million against INR 65.9 million a year ago. Loss from ordinary activities before tax was INR 158.1 million against of INR 153.8 million a year ago. Net loss was INR 158.1 million against INR 125.6 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 8.52 against profit of INR 8.77 a year ago.